Confidence Interval for the population proportion

Confidence Interval for the population proportion

In past lessons we introduced calculation for a confidence interval for

In past lessons we introduced calculation for a confidence interval for

1)

2)
Confidence Interval for the population proportion

In past lessons we introduced calculation for a confidence interval for

1)

2)
Confidence Interval for the population proportion

In past lessons we introduced calculation for a confidence interval for

1)

2)
Confidence Interval for the population proportion

In past lessons we introduced calculation for a confidence interval for

1)

2)
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.

margin of error
Confidence Interval for the population proportion

Example
A Consultancy firm surveyed a randomly selected set of 210 CEOs of
‘fast growing small companies’ in the US and Europe. Only 51% of
these executives had a management succession plan in place, the
remaining did not have one
Use this information to compute a 90% confidence interval to estimate
the proportion of all ‘fast growing small companies’ that have a
management succession plan.
Answer:
The 90% confidence interval is…
[0.453, 0.567] or [45.3%, 56.7%]
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)
Confidence Interval
for the unknown Population Mean

1)

2)

for the unknown Population Proportion

3)